Fathom Applauds Governor Spanberger's Signing of Landmark AI Governance Legislation
The IVO framework is a governance approach designed to increase safety, trust, and innovation by giving consumers and deploying businesses confidence in the AI products and systems they use. Under the IVO framework, a state government sets outcome-based safety goals, then authorizes a marketplace of independent verification organizations to develop technical criteria and verify whether AI products meet those goals. AI companies voluntarily elect to have their products verified, and those that achieve verification earn a trusted seal of approval and evidentiary support in the case of litigation. This framework is designed to keep pace with the speed of AI innovation in a way that traditional regulation cannot and to solve for the technical deficit that governments face in regulating AI, while providing far more meaningful accountability than industry self-governance, and is modeled on approaches taken in other industries, such as financial auditing, product safety, and clinical trials.
"As Chairman of the Joint Commission on Technology and Science, I've seen firsthand how quickly AI is being deployed across every sector of our economy, and how difficult it is for governance to keep pace," said Delegate
"The families and communities I represent aren't asking for government to slow down innovation—they're asking for someone to be looking out for them as powerful new technologies enter their daily lives," said Senator
"This legislation reflects a practical reality: government alone cannot keep up with the pace of AI development, and industry cannot be expected to police itself," said
About Fathom: Fathom is an independent nonprofit whose mission is to build a governance architecture that helps society navigate the transition to a world with AI by fostering trust, safety, and innovation. Learn more at http://fathom.org.
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SOURCE Fathom AI Inc.
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